(Alliance News) - Solutions Capital Management SIM Spa on Wednesday announced that it has signed an agreement with an insurance intermediary for the referral of professionals interested in signing collaboration contracts to distribute insurance products on behalf of SCM.

"The operation, which is part of the actions envisaged in the strategic planning phase, will in the company's opinion have a significant impact on the distribution network, which will be able to count on several new consultants with high experience and professionalism," reads the company note.

The company believes that the expansion of the sales force will be able to contribute positively to the company's results in the medium term, following a significant increase in the commission base supported by a slight increase in structural costs.

Solutions Capital Management on Wednesday is flat at EUR2.50 per share.

By Maurizio Carta, Alliance News reporter

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